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Jakarta Post
Supply at risk: Tankers sail in the Gulf, near the Strait of Hormuz, on March 11, 2026, as seen from northern Ras al-Khaimah, the United Arab Emirates, near the border with Oman’s Musandam governance, amid the United States-Israel war on Iran.
Supply at risk: Tankers sail in the Gulf, near the Strait of Hormuz, on March 11, 2026, as seen from northern Ras al-Khaimah, the United Arab Emirates, near the border with Oman’s Musandam governance, amid the United States-Israel war on Iran.`
Markets

US allows 30-day sale of Iran oil at sea in bid to tame prices

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, United States Treasury Secretary Scott Bessent posted on X.

14 hours ago
Tech premium

Prabowo pushes all-electric transport to cut import reliance

Indonesia has turned into a net importer of crude oil and fuels since early 2000s as output declined while demand kept rising, leaving Southeast Asia’s largest economy vulnerable to global price shocks. 

16 hours ago
Markets

Trump says considering 'winding down' Iran war, US eases oil sanctions

President Donald Trump said Friday that he was considering "winding down" military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis.

18 hours ago

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Economy premium

Govt pledges not to increase fuel prices

The government is holding subsidized fuel prices steady through year-end as global oil price tops US$100 a barrel, with Finance Minister Purbaya Yudhi Sadewa saying the state will absorb the shock rather than pass it on to consumers.

1 day ago
Economy

US mulls lifting sanctions on Iranian oil at sea despite war on Tehran

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

1 day ago
Economy

China restricts fertilizer exports, further crimping war-tightened supply

Last year, China sent Brazil, Indonesia and Thailand roughly a fifth of their fertilizer imports and that figure stood at a third for Malaysia and New Zealand, according to International Trade Centre data. For India, it was around 16 percent, according to its trade data.

1 day ago
Companies premium

Djarum owner Michael Hartono dies at 86

Michael, an Indonesian of Chinese descent born in Kudus, Central Java, in 1939, jointly owned the Djarum Group with his brother Robert Budi Hartono, both sons of Djarum founder Oei Wie Gwan. Their father established the company in 1951 with just 10 employees, and it grew into one of the world’s largest clove cigarette firms with tens of thousands of workers.

2 days ago
Economy

China offers to work with Southeast Asia on energy security

China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.

2 days ago
tech

Meta planning sweeping layoffs as AI costs mount

If Meta settles on the 20 percent figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency."

1 week ago
tech

US jury to begin deliberations in social media addiction trial

Jury deliberations are set to begin Friday in a landmark social media addiction trial accusing Meta and YouTube of intentionally trying to hook young internet users.

1 week ago
tech

OpenAI strikes Pentagon deal with 'safeguards' as Trump dumps Anthropic

Trump had ordered the government to stop using Anthropic, calling it a threat to national security after it refused to agree to unconditional military use of its Claude models.

3 weeks ago
economy

US mulls lifting sanctions on Iranian oil at sea despite war on Tehran

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

1 day ago
economy

China restricts fertilizer exports, further crimping war-tightened supply

Last year, China sent Brazil, Indonesia and Thailand roughly a fifth of their fertilizer imports and that figure stood at a third for Malaysia and New Zealand, according to International Trade Centre data. For India, it was around 16 percent, according to its trade data.

1 day ago
economy

China offers to work with Southeast Asia on energy security

China's show of willingness to work with the region of more than 700 million people would be welcome relief to Southeast Asian oil importers after an order by Beijing earlier this month to ban Chinese exports of diesel, gasoline and jet fuel.

2 days ago
economy

Asia pivots to coal as Middle East conflict chokes LNG supply

Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No. 2 global exporter Qatar has halted shipments. 

2 days ago
economy

Malaysia diesel, transport fuel prices up for second week in a row

The cost of the subsidised RON95 transport fuel, available for all Malaysian citizens, will be kept at 1.99 ringgit per litre, with the government expected to spend over 3 billion ringgit ($763.36 million) per month to fund its fuel subsidy bill, the ministry said in a statement late Wednesday. 

2 days ago
economy

US Fed raises inflation outlook over 'uncertain' Iran war impact

Interest rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year.

2 days ago
companies

Philips reaffirms commitment to expand equitable access to quality healthcare in Indonesia

Özlem Fidanci, chief of Philips International Region and member of the Royal Philips Executive Committee, spoke to The Jakarta Post during her visit to Jakarta about Philips’ initiatives and healthcare technology innovations, underscoring the company’s longstanding commitment to expanding equitable access to quality health care in Indonesia.

1 week ago
companies

Marriott Bonvoy and Bank Mandiri launch cornerstone collaboration

In a world where travel has become the norm, travelers are continuously searching for an experience that has the ability to enrich their adventures, without dealing with any obstacles or hassles. Therefore, businesses have to evolve and innovate in order to meet the expectations of their consumers.

1 week ago
markets

US allows 30-day sale of Iran oil at sea in bid to tame prices

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, United States Treasury Secretary Scott Bessent posted on X.

14 hours ago
markets

Trump says considering 'winding down' Iran war, US eases oil sanctions

President Donald Trump said Friday that he was considering "winding down" military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global supply crisis.

18 hours ago
markets

Iran's huge Gulf gas field is struck in major escalation

Iran's huge Pars gas field was hit on Wednesday in the first reported strikes on Iranian energy infrastructure in the Gulf during the US-Israeli war, a major escalation that prompted Tehran to warn its neighbors to evacuate their energy installations.

3 days ago
markets

Asia pivots to coal as Middle East conflict chokes LNG supply

Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No.2 global exporter Qatar has halted shipments. 

3 days ago
markets

IEA head says more oil stocks can be released if necessary

International Energy Agency chief Fatih Birol said Monday more strategic oil stocks could be released if necessary to limit the fallout of from the near complete blockage of supplies through the Strait of Hormuz owing to the war on Iran.

4 days ago
markets

Oil hovers around $100, stocks mixed as Iran war rages

Oil prices hovered around US$100 a barrel Monday and stocks fluctuated as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

5 days ago

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